Why did Nokia Corporation Sponsored fall on 5 October?
Written after the close on
Nokia Corporation Sponsored −3.77%
Nokia fell clearly in the last session on European ADR selling pressure. Over the last five trading days Nokia was roughly unchanged, lagging a market and a technology sector that both rose clearly. The last session's drop looks tied to broad weakness in European shares trading in the US as American depositary receipts — US-listed certificates that stand in for foreign shares — rather than to anything Nokia-specific. Watch that report for the next real catalyst.
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